Lift in pension age to miss baby boomers

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By Leith van Onselen

Social Services Minister, Christian Porter, has confirmed that the Coalition is still seeking to lift the age for accessing the Aged Pension from 67 to 70, but that the changes would conveniently miss the large, rich and powerful baby boomer generation. From SBS News [My emphasis]:

Social Services Minister Christian Porter has justified sticking with the government’s plan to incrementally lift the pension age from 67 to 70, saying it is a sensible measure reflecting increases in life expectancy…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.